Monday, February 6, 2023

loans

90% pledges by int’l community at Geneva conference in form of ‘loans’: Pak minister

Pakistan’s Finance Minister Ishaq Dar said on Wednesday that almost 90 per cent of pledges made by the international community for the flood-hit country were project loans that will be rolled out over the next three years.His remarks came...

3 arrested in Gurugram for taking loans from banks using fake documents

Three men were arrested for allegedly availing loans of Rs 3-5 lakhs from different banks in Gurugram by using fake and forged documents, police said on Wednesday. The accused were identified as Nitin, Sachin Gupta and Aman Gupta aka Ashu. Police...

‘Banks increase deposit rates, risk premia on loans not factored in’

Even as the commercial banks are increasing their interest rates on select deposits, the risk premia over their core funding cost are not factored in the credit risk, said a top economist of State Bank of India (SBI). In a...

No reason for Bangladesh to be defaulter/ face Sri Lanka like bankruptcy crisis

Since gaining independence, Bangladesh has successfully repaid its foreign debt in order to maintain its sterling reputation abroad, according to analysts. Few eminent economists noted that the nation has never defaulted on foreign loans due to its careful management of...

Pakistan has assured IMF it will try to get concessions from Chinese power plants

Pakistan has assured the International Monetary Fund (IMF) that it would try to receive concessions from the China-Pakistan Economic Corridor (CPEC) power plants in the shape of either reduction in the profit rates on investment or rescheduling the loan...

Categorisation of loans as ‘Fraud’ destroying billions of underlying business value

The categorisation of loans as "Fraud" is a compliance overreach which in the process is destroying billions of underlying business value, industry sources have said. This tagging also violates the principle of natural justice as banks are a party in...